# XTF Manager & Investor Rewards (Sep)

 

### **Each Rewards' *****accrual cycle***** for Portfolio Managers (PMs)**                                           

**START**: 1st of the month (M) @ 00:00 UTC\
END: Last day of the  month (M) @ 23:59 UTC

###  Rewards' *streaming cycle* for PMs    

START: 1st of the following month (M+1) @ 00:00 UTC\
**END**: 90 days after the start date

Users can choose to claim the rewards **daily** or wait until the end of M+4 to fully claim the rewards. 

For the latest daily accruals please refer to the following snapshot

 📆**Starting 1 Oct  2021 the rewards for Fund Managers and Investors will be removed and entirely allocated to Liquidity providers**

##  

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Fund Manager rewards Sep 21
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